The price elasticity of supply is calculated as the
A) percentage change in quantity supplied multiplied by the percentage change in price.
B) percentage change in quantity supplied divided by the percentage change in price.
C) percentage change in price divided by the percentage change in quantity supplied.
D) percentage change in quantity supplied plus the percentage change in price.
B
Economics
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In the table above, Y is measured along the y-axis and X along the x-axis. The slope between points e and f is
A) -25. B) 4. C) 0.25. D) -0.25.
Economics
Refer to Table 18-9. Calculate the income tax paid by Sylvia, a single taxpayer with an income of $70,000
A) $21,000 B) $15,740 C) $15,400 D) $13,475
Economics